The Utilities SPDR (XLU) is not partaking in the 2010 market advance. While the S&P 500 is up over 6% year-to-date, the defensive oriented XLU is down almost 2%. It is the only sector sporting a loss this year. In sharp contrast, the offensive oriented consumer discretionary sector is the big winner so far.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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